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News Now

CU System
Weather affects CUs operations
MADISON, Wis. (2/7/08)--Dozens of tornados, snowstorms, thunderstorms--you name it and credit unions in a number of states had to deal with it Tuesday and Wednesday. Credit unions reported little or no damage from being under the weather, although several experienced power outages and some closed operations in severe weather. Tuesday's storms killed at least 52 people--28 in Tennessee, 13 in Arkansas, seven in Kentucky and four in Alabama (MSNBC.com Feb. 6). Credit union leagues from seven states--Arkansas, Alabama, Mississippi, Tennessee, Kentucky, Kansas and Missouri--reported to CUNA Mutual Group yesterday morning that credit unions contacted were okay. The Mississippi Credit Union Association had been in contact with Dover Elevator CU, in Olive Branch, which is near Southhaven, Miss., directly south of Memphis, Tenn., said Amy Manley, corporation relations manager at the association. One of the tornados hit five miles from the credit union. "Elevator CU reported no physical damage to the credit union," she said. "However, the storm did affect the credit union's power and communication lines," which were being repaired Wednesday. Later the association's president reported the credit union was back in operation. One Arkansas credit union in Pope County was near an unconfirmed tornado sighting. The main damage in that state was in a northern area where there are no credit unions. The Tennessee Credit Union League said it had contacted all credit unions in the western part of the state, which bore the brunt of the tornado damages. There were a few power outages among credit unions in the Jackson area, but everyone appeared okay. Jackson is where Union University is located. The university took a direct hit from one tornado, which injured more than 50 students. While leagues in those states were checking with their credit unions about tornado damage, other states were bracing for the front to move eastward and a snowstorm was blowing through midwestern states. Ohio was expecting localized flooding from storms later Wednesday. That storm resulted in at least 10 inches of snow in southern Wisconsin and northern Illinois. The Credit Union National Association's Madison, Wis., offices, which began Wednesday with a three-hour snow delay, closed at 2 p.m. CST because of 10 inches of snow accumulated during the day.


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